EGLD-USD vs. ETH-USD
EGLD-USD (Elrond) and ETH-USD (Ethereum) are both cryptocurrencies. Over the past 5 years, EGLD-USD returned -48.61%/yr vs -1.22%/yr for ETH-USD. A 0.65 correlation means they provide meaningful diversification when combined.
Performance
EGLD-USD vs. ETH-USD - Performance Comparison
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Returns By Period
In the year-to-date period, EGLD-USD achieves a -44.48% return, which is significantly lower than ETH-USD's -38.49% return.
EGLD-USD
- 1D
- 5.50%
- 1M
- 7.34%
- 6M
- -50.56%
- YTD
- -44.48%
- 1Y
- -79.87%
- 3Y*
- -56.40%
- 5Y*
- -48.61%
- 10Y*
- —
ETH-USD
- 1D
- 2.13%
- 1M
- 9.57%
- 6M
- -41.49%
- YTD
- -38.49%
- 1Y
- -38.02%
- 3Y*
- -3.10%
- 5Y*
- -1.22%
- 10Y*
- 65.81%
EGLD-USD vs. ETH-USD - Yearly Performance Comparison
Correlation
The correlation between EGLD-USD and ETH-USD is 0.73, which is moderate. They share some common price drivers but move independently often enough to provide real diversification benefit when combined.
| Correlation | |
|---|---|
Correlation (1Y) Calculated over the trailing 1-year period | 0.73 |
Correlation (3Y) Calculated over the trailing 3-year period | 0.71 |
Correlation (5Y) Calculated over the trailing 5-year period | 0.68 |
Correlation (All Time) Calculated using the full available price history since Sep 4, 2020 | 0.65 |
The correlation between EGLD-USD and ETH-USD has been stable across timeframes, ranging from 0.65 to 0.73 - a consistent structural relationship.
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Return for Risk
EGLD-USD vs. ETH-USD — Risk / Return Rank
EGLD-USD
ETH-USD
EGLD-USD vs. ETH-USD - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Elrond (EGLD-USD) and Ethereum (ETH-USD). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| EGLD-USD | ETH-USD | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | -0.41 | ||
| Sortino ratioReturn per unit of downside risk | -1.57 | ||
| Omega ratioGain probability vs. loss probability | 0.80 | 0.94 | -0.14 |
| Calmar ratioReturn relative to maximum drawdown | -0.93 | -0.56 | -0.36 |
| Martin ratioReturn relative to average drawdown | -1.27 | -0.88 | -0.39 |
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Drawdowns
EGLD-USD vs. ETH-USD - Drawdown Comparison
The maximum EGLD-USD drawdown since its inception was -99.49%, which is greater than ETH-USD's maximum drawdown of -94.01%. Use the drawdown chart below to compare losses from any high point for EGLD-USD and ETH-USD.
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Drawdown Indicators
| EGLD-USD | ETH-USD | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -99.49% | -94.01% | -5.48% |
Max Drawdown (1Y)Largest decline over 1 year | -86.26% | -67.60% | -18.66% |
Max Drawdown (3Y)Largest decline over 3 years | -96.68% | -67.60% | -29.08% |
Max Drawdown (5Y)Largest decline over 5 years | -99.49% | -79.35% | -20.14% |
Max Drawdown (10Y)Largest decline over 10 years | — | -94.01% | — |
Current DrawdownCurrent decline from peak | -99.37% | -62.23% | -37.14% |
Average DrawdownAverage peak-to-trough decline | -78.11% | -50.99% | -27.12% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 54.33% | 36.62% | +17.71% |
Volatility
EGLD-USD vs. ETH-USD - Volatility Comparison
Elrond (EGLD-USD) has a higher volatility of 17.70% compared to Ethereum (ETH-USD) at 12.64%. This indicates that EGLD-USD's price experiences larger fluctuations and is considered to be riskier than ETH-USD based on this measure. The chart below showcases a comparison of their rolling one-month volatility.
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Volatility by Period
| EGLD-USD | ETH-USD | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | 17.70% | 12.64% | +5.06% |
Volatility (6M)Calculated over the trailing 6-month period | 51.26% | 46.73% | +4.53% |
Volatility (1Y)Calculated over the trailing 1-year period | 67.22% | 55.18% | +12.04% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 74.60% | 58.72% | +15.88% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 85.25% | 76.84% | +8.41% |
Frequently Asked Questions
EGLD-USD and ETH-USD have a correlation of 0.73, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
EGLD-USD has higher volatility (17.70%) compared to ETH-USD (12.64%). In terms of maximum drawdown, EGLD-USD dropped -99.49% vs ETH-USD's -94.01%.
ETH-USD currently has the higher Sharpe Ratio (-0.57 vs -0.99), meaning it's delivered slightly more return per unit of risk over the trailing 12 months. However, this ranking shifts over time - use the Risk/Return Score above for a more comprehensive view that combines Sharpe, Sortino, and other measures used by quantitative funds.
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